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The Melton Almshouses Affinity Savings

fixed rate savings the melton

The Melton Almshouses Affinity Savings Account means you earn interest on your savings, whilst the Society gives 0.25% of your average daily balance to the Storer’s Almshouses Charity to help elderly people in need in Melton Mowbray.

This account is currently closed to new customers

Account Name The Melton Almshouses Affinity Savings Fixed Rate to 20 May 2016
What is the interest rate?
2.10% gross / 2.12% AER
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2.10% gross/2.12% AER

Can the Melton Building Society change the interest rate?

Net of Income Tax unless you have registered to receive interest gross

What would the estimated balance be after 12 months based on a £1,000 deposit?

n/a

How do I manage and open my account?

No withdrawals during fixed rate period

Can I withdraw money?

Branch or post

Tax treatment depends on individual circumstances and may be subject to change in the future

This account is currently closed to new customers

Interest Rates

  1. Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law, currently 20%.
  2. Net rate is the rate of interest which would be payable after allowing for the deduction of income tax at the rate specified, currently 20%.
  3. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year (as every advert for a savings product which quotes an interest rate will contain an AER, you will be able to compare more easily what return you can expect from your savings over time).
  4. The tax free rate is the contractual rate of interest payable where interest is exempt from income tax.
  5. The Melton Mowbray Building Society is a participant in the Financial Services Compensation Scheme established under the Financial Services and Market Act 2000.
  6. Rate of interest payable depends on individual circumstances and may be subject to change in the future.
  7. Tax treatment depends on individual circumstances and may be subject to change in the future.
Click here for our handy guide to making the most out of your savings

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Call one of our friendly advisors on 01664 414141. Opening hours 9am to 6pm Monday to Friday and 9am to 12pm on Saturday.

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